Randy, You're looking at it correctly. The AO oscillates around the zero line, with positive reading above the line indicating an uptrend and, vice versa, a negative reading below the line indicating a downtrend. The x-axis is the timeline, so you ...

HA T3-1 System

Maybe this is helpful... — Hi, I've been approached through a private message whether I could help explaining the AO and the alert/mail functions in this system. Since I typed it once I thought I could also paste and share it here. ********* ...

HA T3-1 System

The way I would explain this, this it not only valid but actually the whole intent of the system. As with any system that trades short-term retracements of long-term trends, you look at the higher timeframe first (H4 in this case) for a strong trend ...

HA T3-1 System

Paulus, From the charts you posted I don't see yet where the M5 comes in -- trendline and TP are from the H1, and SL is a function of TP, so it does not actually matter on what timeframe you watch the trendline being touched. Unless, that is, you ...

Mechanical trend trading

Well, the price action speaks for itself... With hindsight, though, USDCAD is down 700 pips, so maybe we should add a stop-loss indicator to the chart.

Charts on Drugs or works of Art?

Lionissimo! Can you decrease the font size or take the "you idiot" out? I can't see the last candles on my chart. Cheers, jesper

Indian Guru Trading Majors

Check this: url Abu Dhabi is giving US$ 10 billion to Dubai to help them repay bond obligations.

Craig Harris Stochastics Method

What about the price action on NZDUSD today?

Charts on Drugs or works of Art?

This is not what I meant by putting all eggs into one basket. I suggest analysing different currency pairs and timeframes, and then picking only one trade to go through with. Before entering another that trade has to be closed, if the trade should ...

Specializing in one setup

Hello, and many thanks for the quick reply! By "ZigZag reverse" I simply mean that an upslope comes to an end and a downslope begins, and vice versa. I normally use the standard ZigZag (12,5,3) settings. I marked five of those turning points on the ...

ZigZag-based Fibo

Two thoughts: Always put all your eggs into one basket. Goes contrary to conventional advice, but it means you have to pick the one currency pair (or other investment) that you are most confident in performing the way you analysed it. This approach ...

Specializing in one setup

Seems to be that comments by a rating agency (Fitch) that the UK may lose it AAA status sent risk appetite packing.

Cable Update (GBPUSD)

Anybody care to explain what just happened with the Pound? Mamma Mia I was at the gym, had an open short order with a trailing stop. Got stopped out in massive profit, so I ain't complaining this time... But I mean, just on some comments of a ...

The WoRmHoLe

Beauty, as they say, is in the eye of the beholder... image

Charts on Drugs or works of Art?

By Al Gore, actually. Right after he finished inventing the Internet thing.

Forex Trading: Incorporating Price Behavior into a Forex Trading System

Sorry, can't help you there. If you can't download the indicator from the post, try the paper clip on top of the page (next to the page count).

Indian Guru Trading Majors

I've been watching you, and I'm on to you... Looks like it's not so much "luck" but "skill"

The WoRmHoLe

Indies — Peter, all, Here you go. I use the Heikin Ashi Smoothed with standard settings, in the Elder Blue is long, Red is short, LightGray is sideways. I chose not to attach my templates because they are optimized for my screen size. Instead ...

Indian Guru Trading Majors

Now that was a timely call! Congrats. I happened to exit a long on GU at just the same time, so I'm happy with myself, too.

The WoRmHoLe